Plain Ugly: AHub’s Unpleasant Illustration Of First Republic Exodus
Buried at the end of AdvisorHub’s article “First Republic Team With $13 Billion Book Exits for Chicago RIA Cresset” is a chart so potentially disturbing we beg you to hide the kids before clicking “enlarge.” The chart illustrates First Republic departures from the last month – since the spillover from the SVB failure started nipping […]
Morgan Stanley Keeps Winning First Republic Recruitments; But Look At The Fine Print
Morgan Stanley is absolutely cleaning up in the fire sale that is First Republic’s wealth management division. Much has been written about the bank’s fall from grace, its stock price falling from $130 to $12 in the past 60 days. Understandably, many advisors are looking for a life raft. Morgan Stanley has become the de facto […]
UBS Feasting In Recruiting Wars; Biggest Deal On The Street
UBS, one of the world’s largest investment banks, has been making waves in the recruiting world with its latest move to acquire one of the biggest teams in the financial industry. The Swiss bank has recently announced that it has hired a group of financial advisors from rival firm, Morgan Stanley. UBS has redoubled its […]
24 ChatGPT Prompts Financial Advisors Can Use Right Now To Grow, Know, And Show
There’s an old saying in technology, “garbage in, garbage out.” As people begin to explore the potential for AI tools such as ChatGPT, this saying has become even more important. Finding the right thing to ask (and then the right way to ask it) has become the difference maker between getting good outputs versus mediocre […]
Busting The Free Lunch Myth
It’s no surprise that clients contact their advisors more often in times of uncertainty. Rising rates, market volatility, geopolitical unrest, banking turmoil and more have meant advisors’ schedules are more filled up than in recent years. For many advisors eyeing 2023 as the year they want to transition to a new broker-dealer, these events may […]
How To Use ChatGPT To Ease Difficult Client Conversations
ChatGPT is all the rage and many advisors are trying to figure out how best to integrate this powerful (and perhaps a little unnerving) technology into their practice. Although AI seems advanced and capable, the truth of the matter is the technology is still in its wider than deeper phase. That doesn’t mean it can’t […]
The Increasing Complexity Of Wirehouse Comp Plans
https://youtu.be/8IYYEqE7Dfw With every new year comes the re-evaluation of compensation plans for wirehouses, broker-dealers, and RIAs across the financial industry. While changes to compensation grids are more or less inevitable, they don’t always leave advisors happy and satisfied with the modifications that are made to their payment plans. Cerulli Associates recently released their U.S. Advisor […]
What you need to know about Mercer Advisors
Watch the latest episode of The FA Show with T3 Tech Conference coverage, including interviews from the show floor and much more. There’s a new name staking its claim in the broker-dealer landscape. Mercer Advisors, which has been known for its buying of registered investment advisors (RIAs), has announced that they are launching their own […]
3 Takeaways from the T3 Tech Conference
Watch the latest episode of The FA Show for T3 Tech Conference coverage, including interviews from the show floor. Additional thoughts: Tech Tools Dominate But Not Everyone Is On Board The T3 survey is a great read, packed with details on adoption and satisfaction of everything one would need to run a modern day firm, […]